On the recordMarch 3, 2011
Madam President, we had an election a few months ago. In that election, the American people sent a message, a message that they were concerned about the debt, concerned about our kids and our grandkids and how this debt is going to be handed down to future generations. I am not only concerned about that, I am concerned about the imminent threat that this debt poses for our economy and for our people. We are spending about $10 billion a day. Of the $10 billion a day we are spending, we are borrowing about $4 billion. How big is one billion? It is hard for most of us to fathom how big one billion is. One billion seconds ago I was in high school. One billion minutes ago, Jesus was alive. One billion hours ago, we were in the Stone Age. But $1 billion ago, at the rate the government spends it, was only a few minutes ago. The government is spending money like there is no tomorrow. We had an election and we thought as voters we sent a message to this place. But it is not getting through. The President gave us a budget. His proposal for 10 years is to spend $46 trillion. How big is $1 trillion? I mean, it is hard to fathom $1 billion, much less $1 trillion. One trillion dollars, it is hard to imagine. It boggles the mind. If we had thousand-dollar bills and I stacked them in my hand, a stack of thousand-dollar bills 4 inches high would be $1 million. But if I want to have $1 trillion in hundred-dollar bills, it would be 67 miles high. Why do these numbers mean anything to us?…
Source
govinfo.gov




